STUDENT LOAN CRISIS IN THE US UNIT 1: EDUCATION STUDENT LOAN CRISIS IN THE US

First, a Few Basic Facts The concept of publicly funded education goes all the way back to America's Founding Fathers. In 1785, John Adams wrote: "The whole people must take upon themselves the education of the whole people and must be willing to bear the expense of it.“ In the early days, students could often attend public land-grant colleges without paying any tuition. That was possible because only a relatively small percentage of Americans actually attended college. But as enrolment grew over the years, so did the funding requirements in each state. And that led to public colleges eventually charging tuition and raising their fees as enrolment grew and state funding slowed.

HOW MUCH DOES IT COST TO STUDY IN THE US?

HOW DO STUDENTS PAY FOR IT? To ask for a To apply for To take out loan To secure To pay off / back

WHAT PROBLEM DOES IT CREATE? Braggart = ventard Average student debt?

General student loan debt facts Guessing game Now, let’s try to get a general picture of the student loan debt landscape. The most recent reports indicate there are: in total U.S. student loan debt Americans with student loan debt From Forbes $1.56 trillion 44.7 million

“Americans are drowning in student-loan debt” You are a journalist for The Washington Post. Write an article entitled: “Americans are drowning in student-loan debt” => Use information from today’s lesson to explain and illustrate the problem.